US carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in half
IATA said airlines now face $350 billion in fuel costs next year as jet fuel prices rise nearly 70% from 2025.
- U.S. airlines spent more than $6 billion on jet fuel in April, up 78% from a year earlier, according to the Bureau of Transportation Statistics released Monday.
- Since strikes earlier this year, conflict in the Middle East has effectively halted shipping through the Strait of Hormuz, a critical oil transit route bordering Iran, pushing up jet fuel prices.
- The International Air Transport Association released a report on Sunday showing airlines will earn $23 billion in net profit in 2026, far below its previous forecast of $41 billion.
- Carriers including Lufthansa Group, Air Canada, United, and Delta have cut flights and suspended routes; American Airlines said last week it was suspending some summer routes.
- Fuel is forecast to account for more than 31% of airline operating expenses in 2026, up from about 25% last year. "Airlines are bearing the brunt of the fuel price shock," said Willie Walsh, director general of IATA.
42 Articles
42 Articles
US carriers spent $6. 5B on fuel in April; global profit forecast is cut nearly in half
Airlines are facing a fuel price shock. U.S. carriers spent over six billion dollars on jet fuel in April, a significant jump from last year. This surge in energy costs is impacting global airline profits. Industry experts predict profits could be cut almost in half by 2026. Airlines are responding by raising fares and cutting flights.
Santa New Mexican
U.S. carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in half
New government data released Monday shows U.S. airlines spent nearly $6.5 billion on jet fuel in April. The Bureau of Transportation Statistics says that's a 78% jump from a year earlier, even though the airlines used slightly less fuel. Global…
verdenews.com
IATA issues stark message on fuel costs and airline profits
Anyone who has booked a flight lately knows fares aren’t cheap. Jet fuel is one of the largest cost airlines pay, according to the U.S. Department of Transportation. When prices jump, the cost almost always finds its way to your…
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